-

CI&T Reports Double-Digit Sequential Revenue Growth in 3Q24 Results

NEW YORK--(BUSINESS WIRE)--CI&T (NYSE: CINT, “Company”), a global technology transformation specialist and fast-growing public company, today announces its results for the third quarter of 2024 (3Q24) in accordance with International Financial Reporting Standards (IFRS). For comparison purposes, we refer to the results for the third quarter of 2023 (3Q23) and the second quarter of 2024 (2Q24).

Third quarter of 2024 (3Q24) highlights

  • Record Net Revenue of R$622.2 million, a 17.6% increase compared to 3Q23 and 10.0% sequential growth over 2Q24.
  • Net Profit increased by 5.6%, reaching R$28.6 million in 3Q24, up from R$27.0 million in 3Q23.
  • Adjusted EBITDA improved by 24.2% to R$121.4 million in 3Q24 compared to R$97.7 million in 3Q23. The Adjusted EBITDA margin was 19.5%.
  • Adjusted Net Profit increased by 32.9% to R$56.5 million in 3Q24, up from R$42.5 million in 3Q23. The Adjusted Net Profit margin was 9.1%.
  • CI&T ended 3Q24 with 6,755 employees, an 8.3% increase from 2Q24.

Cesar Gon, founder and CEO of CI&T, commented, "We are delighted to report 17.6% year-over-year revenue growth for 3Q24, showcasing the strength and resilience of our business model. Our value proposition through CI&T Flow continues to gain significant traction with clients, as evidenced by the revenue growth among our top 10 clients."

"Looking forward, our guidance projects 22% year-over-year revenue growth for 4Q24 at the midpoint, reflecting our confidence in sustaining this momentum. As we move into 2025, we are well-positioned to capitalize on the growing demand for innovative solutions, driven by our commitment to providing exceptional value for all our stakeholders and fostering long-lasting client relationships."

The full 3Q24 Earnings Release can be accessed here.

Contacts

Investor Relations Contact:
Eduardo Galvão
investors@ciandt.com

Media Relations Contact:
Zella Panossian
ciandt@illumepr.com

Industry:

CI&T Inc.

NYSE:CINT
Release Versions
English

Contacts

Investor Relations Contact:
Eduardo Galvão
investors@ciandt.com

Media Relations Contact:
Zella Panossian
ciandt@illumepr.com

More News From CI&T Inc.

UK Payments Industry Backs the National Payments Vision, but Only 29% Are Very Confident It Will Work, Finds CI&T Research

LONDON--(BUSINESS WIRE)--More than four in five (82%) UK payments leaders back the government's plan to overhaul the UK's payment systems, but only 29% are very confident in how it will work. That’s according to From Vision to Delivery, The Choices That Will Define UK Payments Reform, new research among 350 payments leaders released today by CI&T, an AI and tech acceleration partner. Confidence climbs to 95% among those in executive and strategic leadership positions, but 349 of the 350 pay...

CI&T Launches Business Builders and Debuts its New Agentic Enterprise Reinvention Offering

NEW YORK--(BUSINESS WIRE)--CI&T (NYSE: CINT), a global AI deployment partner for tech-integrated business solutions, announces the creation of CI&T Business Builders, a new unit dedicated to helping established companies address challenges of competitiveness, relevance, and perpetuity in a world redefined by artificial intelligence. The initiative marks a new move in how CI&T approaches AI deployment, expanding its ability to combine business strategy, technology, artificial intelli...

CI&T Reports 21.9% Organic Revenue Growth in 2Q26, Driven by Broad-Based Momentum Across Geographies, Industries, and Client Base

NEW YORK--(BUSINESS WIRE)--CI&T (NYSE: CINT, “Company”), an AI deployment company and a global partner in tech-integrated business solutions, today announces its results for the second quarter of 2026 (2Q26) in accordance with International Financial Reporting Standards (IFRS® Accounting Standards), as issued by the IASB. For comparison purposes, we refer to the results for the second quarter of 2025 (2Q25). The numbers are presented in U.S. dollars. Second quarter of 2026 (2Q26) highlights...
Back to Newsroom